4. A Professional Football Players are in contract negotiation. The football teamhas offered the following salary structure: (8 POINTS)

2,800 USD

TIME (YEAR)

0 1 2 3 4 5 6

SALARY (EURO)

8,000,000 4,000,000 4,800,000 5,700,000 6,400,000 7,000,000 7,500,000

All salaries are to be paid in a lump sum. The player has asked you as his agent to negotiate the terms. He wants 9,000,000 euros bonus payable today and a contract value increase of 750,000 euros. He also wants an equal salary paid every 3 months, with the first paycheck 3 months from now. If the interest rate is 1% per quarter, what is the amount of his quarter check